Business Idea: Due to rising inflation, people are struggling to meet their household expenses. Therefore, people are looking for businesses that can generate substantial income with very little investment. Now, you don’t need to worry; you can earn a substantial income from a small business. This business idea can earn you a substantial income every month. By simply installing an ATM at home or a shop, you can print lakhs of rupees. Banks and other private companies across the country search for suitable locations to install ATMs.

If your land is roadside and vacant, this business can prove to be very effective. Being near a market or residential area will ensure the rapid operation of bank ATMs. Banks pay a commission on the number of ATMs operated. However, certain conditions must be met.

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These conditions must be met

Specify certain conditions for installing an ATM. If you have 50 to 80 square feet of ground floor space, along with parking facilities for people to easily park, and 24-hour electricity, setting up your business will be a breeze.

You’ll also need a NOC from the authorities to start this business. It requires a 1-kilowatt power connection and space for signage. Once all this is in place, the bank will automatically agree to allow an ATM.

How Much Can You Earn?

As for your earnings, banks or companies typically pay ₹2 lakh annually for electricity and space rent. This translates to a substantial monthly income. You also receive commissions on transactions. If you process 100 transactions per month through the ATM, you can earn ₹1 lakh. You can apply by visiting the websites of many companies and filling out the online form. Enter all your details and upload a photo and location.

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After receiving approval, the company will verify it. If you receive approval, the company will verify it. A lease agreement for a few years will then be signed. This agreement will require renewal within three to five years of the expiration date. The agreement stipulates that you cannot move the ATM during this period. If your ATM is optimally located, you can earn anywhere from 20,000 to 30,000 rupees per month. The more transactions you make, the more your earnings will increase.